Mr. G. J. McILRAITH (Parliamentary Assistant to the Minister of Reconstruction and Supply) moved the second reading of and concurrence in amendments made by the senate to bill No. 155, respecting the operation of government companies.
He said: These amendments to bill 155 are to be found in Votes and Proceedings, No. 75 of Monday, July 8. The amendment is limited to section 10 of the bill. Section 10 deals with the contents of the annual report and provision for it to be laid before parliament. Subsection 1 as it now reads in the bill as passed by the House of Commons is as follows:
Every company shall, as soon as possible after the thirty-first day of March in each year, and in any event within three months thereof, submit to the minister an annual report in such
form as the minister may prescribe of its affairs and operations during the twelve-month period ending on the thirty-first day of March, and the minister shall lay the said report before parliament, if parliament is then in session or within fifteen days of the next session of parliament.
The senate amendment provides for the deletion of the words "in such form as the minister may prescribe" and the addition after the word "march" of the following words:
containing its financial statement and such other information as the minister may prescribe.
It is an amendment in form. It clarifies the language and makes it clear that the financial statement must be included in the annual report.